Richmond Park Development Company (Pty) Ltd (herein referred to as “RPDC”) holds the longterm
lease and development rights to the prestigious Richmond Park development, which is
located in Cape Town’s West Coast growth node, only 17 kilometres from the Cape Town CBD.
RPDC is owned by Atterbury Property Developments, Old Mutual Properties, Bethel Property,
Qubic and Richmond Park Communal Property Association. RPDC is a level two B-BBEE
Property Developments is responsible for developing mixed-use commercial real
estate projects for and on behalf of RPDC. Atterbury is a Property Development and
Investment Company that was established some 22 years ago with offices in Pretoria and
Johannesburg and Cape Town. Has an established national & international track
record in developing, investing and managing blue chip properties. Old Mutual Properties
have 40 years’ experience in the property industry, with a portfolio of more than R19.2 billion.
2.! RICHMOND PARK
Mixed-use Commercial Precinct - Richmond Park will be developed as a mixed-use
commercial precinct, with ±300,000 m of gross lettable area, on a 99-year leasehold basis.
Bulk will be drawn from a basket of rights and in accordance with the market demand. Lease
Areas will be registered for individual projects to ensure flexible development management
and the ability to respond to changing market conditions.
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Access – Richmond Park is serviced by two major arterial routes, the N7 and the M14
(Plattekloof Road), and offers easy access to the N1 highway, Cape Town Port, the Cape Town
CBD and the Cape Town International Airport.
MyCiTi & Public Transport – Richmond Park will be serviced by Cape Town’s efficient MyCiTi
rapid transit system, which runs along Tygerberg Valley Road.
Amenities & Benefits – Richmond Park has the following unique offering to its future occupants:
-! Convenient access via two major arterial routes, the N7 and the M14;
-! High-visibility exposure along the N7;
-! Close proximity to Richmond Corner shopping centre, which will be developed within
Richmond Park and anchored by Pick ‘n Pay, Clicks and Planet Fitness;
-! Wide internal roads and well landscaped green open spaces;
-! Secure mixed-use precinct – security cameras, 24-hour roaming guards and 2.4m clearvu
(or similar) fencing;
-! Public transport – taxi, bus (MyCiTi)
-! Access to residential estates that caters for various price categories, i.e Burgundy Estate;
-! Proximity to Cape Town International Airport, Cape Town Port, Cape Town CBD and Century
Availability of Services – All essential services and connections will be available to the site
boundary upon lease commencement. Eskom is providing the power supply to Richmond
Park. The direct Eskom supply results in savings in consumption charges if compared to other
utility suppliers (i.e. City of Cape Town) in the Western Cape.
Open Access Network – Richmond Park secured a single fiber optic open-access-network for
data. This means that Origin Park will have an un-equivalent open access fibre network at
market related rates.
Levies – All occupants within Richmond Park are part of the Master Property Owners’
Association (Non Profit Company) that is governed by a set of predetermined rules, memo’s
and articles. The Association is responsible for cleaning, landscaping, routine maintenance
etc. of the common areas of Richmond Park. The anticipated Richmond Park levy for 2017 is
estimated at ±R0,86 (excl VAT) per m2 of land area. The Origin Park levy will include a pro-rata
share of the Richmond Park MPOA Levy in respect of Origin Park, which pro-rata share will be
calculated as a percentage of your GLA in relation to the total GLA of Origin Park.
Tenants at Richmond Park – The RPDC has concluded agreements with, inter alia, the following
companies – Mustek, CTM, Cape Fruit Coolers etc.
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3.! ORIGIN PARK
Origin Park will be developed as a Light Industrial & Distribution Park within the greater
Location – The proposed site is located on Tygerberg Valley Road, in the Central Precinct. The
site is in close proximity to the N7 off-ramp.
Security - The Park will enjoy its own security and 24-hour access control. The perimeter of the
Park will be fenced by 2.4m Clearvu (or similar) fence.
Lease / Sale – The units will be available on either a sale (leasehold title) or a lease basis. A
minimum lease period of 5 years will be applicable.
Areas - The rentable areas and parking provision of Origin Park is as follows:
Unit Number Ground Floor
m2 m2 m2 m2 No. Bays
Units 1,4,11,14 259 30 92 381 4
Units 2,3,12,13 238 30 87 355 4
Units 5-10, 15-20 394 30 168 592 6
Unit 21 420 30 168 618 6
Unit 22 298 30 111 439 4
Unit 23 398 30 161 589 6
Unit 24 663 30 283 976 10
Unit 25 642 30 273 945 9
The monthly gross rentals as at 1 Aug 2019 is R67.00/m2 of GLA and will escalate at 8% per
annum, which includes operating cost.
The above rentals exclude VAT, rates, taxes, Origin Park levy and consumption charges,
for which the Tenant will be liable.
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4.2! SALE (LEASEHOLD TITLE)
The units will be available at a sales price of R8 750.00/m2 (1 Aug 2019 Occupation), excluding
4.3! SERVICE CHARGES
A tenant / owner will pay for their municipal charges and/or levies such as pro-rata
assessment rates, Origin Park levy, operating costs, utility services, consumptions etc.
Potential tenants will be required to sign the Landlord’s standard lease / sale of leasehold title
agreement that is available on request.
The Fact Sheet and Project Brochure are subject to change from time to time and brokers as
well as potential clients need to verify the content hereof prior to concluding a transaction.
Brokers and agents are to take cognisance of the terms and conditions of the standard
Atterbury broker’s policy document at the time of making an introduction. The development
of Origin Park will furthermore be subject to a pre-sale / pre-let requirement as may be
determined by the RPDC and Old Mutual from time to time.
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-! Origin Park Brochure
-! Building Specification
-! Standard Commercial Broker Policy